Ocean Carrier Bid Optimization for the Next Wave Agency at USAID Transportation Procurement Auctions

Category: 
Pre-Event Planning
Topic: 
Carrier Bid Optimization
Organization: 
Next Wave Agency

Every month, the United States Department of Agriculture (USDA) and the United States Agency for International Development (USAID) publish an invitation to procure transportation for food commodities to destinations around the world as part of their Food for Peace program. Next Wave Agency is a ship brokerage and supply chain consulting firm. It focuses on finding, pricing, and winning government contracts for the shipment of international food aid. A bid price forecasting model together with a bid optimization tool that is based on simulating the USDA’s process of awarding contracts were developed. Implementation of such tools will allow maximizing revenues for Next Wave’s clients.


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